Why Zscaler Stock Has Analysts So Excited

Zscaler Inc NASDAQ: ZS, a leading player in the cybersecurity sector with a market cap of $32 billion and headquartered in California, has had quite a rollercoaster year in 2023. Despite a strong rally early in the year, its momentum faded by February, leading to a summer slump that saw the stock drop 40%. Nevertheless, Zscaler’s shares have been bouncing back.  They’ve consolidated in recent months and are now breaking out of their range, logging an impressive 30% gain since September. With earnings just a ...